112 W 2nd St, Birdseye, IN, 47513 | $205/mo Cash Flow

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112 W 2nd St, Birdseye, IN, 47513 | $205/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Birdseye at 112 W 2nd St, Birdseye, IN, 47513 offers a 8.45% rental yield on a $197,000 purchase with $1,387/mo rent. Total monthly income registers $1,387/mo, and a $964/mo payment leaves $205/mo available for distribution. Annual cash flow reaches $2,456/yr on $65,306 to close, and return on cash invested stands at 23.67% in year one. Equity gained on principal adds $1,271/yr while 5% annual appreciation supports $54,427 over five years. Portfolio math shows five-year ROI at 122.8% and total cumulative return in cash at $80,198. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,387/mo property income against a $964/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

0.35 Acres lot

$N/A/sqft

No HOA

More details about the property

This brand-new 3-bedroom, 2-bathroom home in Birdseye, IN offers modern comfort in a peaceful setting. Designed with a spacious open-concept layout, this single-story home provides a bright and inviting atmosphere perfect for everyday living and entertaining. Sitting on a large lot, theres plenty of room to enjoy the outdoors or plan future additions. With quality finishes throughout and thoughtful design details, this home is move-in ready and priced to sell. Owner is a licensed Real Estate Broker.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47513, Birdseye, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,423 (100%)
Owner Occupied HU	738 (51.9%)
Renter Occupied HU	156 (11.0%)
Vacant Housing Units	529 (37.2%)
Median Home Value	$178,704
Average Home Value	$205,854